Shop tenant holding over with lease renewal agreed (1)
Separately accessed one bed flat above let on a renewed AST
Approx. 150.62 sq m (1,620 sq ft) over ground and first floors
Nearby occupiers include Costa, B&M Savers, The Food Warehouse and a mix of independent pubs, retailers and cafes
VAT free investment
Lot 29
Auction 18th September 2025
Rent £15,800 per Annum Exclusive (1)
Status Available
Guide* £150,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
On Behalf of a Real Estate Investment Trust
Property Information
Location
Miles
5 miles north east of Leicester, 18 miles south of Nottingham
Roads
A46, A607,
Rail
Syston Railway Station
Air
East Midlands Airport
Situation
Syston is a popular suburb 5 miles north east of Leicester. The property is prominently situated on the south side of High Street close to its junction with Melton Road, the primary retailing thoroughfare providing direct access from Syston to Leicester. Nearby occupiers include Costa, B&M Savers, The Food Warehouse and a mix of independent pubs, retailers and cafes.
Tenure
Freehold.
Location
Miles
5 miles north east of Leicester, 18 miles south of Nottingham
Roads
A46, A607,
Rail
Syston Railway Station
Air
East Midlands Airport
Situation
Syston is a popular suburb 5 miles north east of Leicester. The property is prominently situated on the south side of High Street close to its junction with Melton Road, the primary retailing thoroughfare providing direct access from Syston to Leicester. Nearby occupiers include Costa, B&M Savers, The Food Warehouse and a mix of independent pubs, retailers and cafes.
Tenure
Freehold.
Description
The property comprises a ground floor shop together with a separately accessed one bed flat on the first floor.
VAT
VAT is not applicable to this lot.
EPC
Commercial - B50.
Residential - E50.
Description
The property comprises a ground floor shop together with a separately accessed one bed flat on the first floor.
VAT
VAT is not applicable to this lot.
EPC
Commercial - B50.
Residential - E50.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground
Retail
72.62
(781)
INDIVIDUAL t/a Syston Dry Cleaners & Laundry
10 years from 01/10/2007 (lease renewal agreed)(1)
£11,000 (1)
First
Residential - 1 bed flat
78.00
(839)
INDIVIDUAL
12 month AST from 01/09/2025 at £400 pcm
£4,800
Total
150.62
(1,620)
£15,800
(1) The tenant is currently holding over. A new 5 year lease has now been agreed (but not yet completed) from 01/10/2025 at a commencing rent of £13,500 pa for the first 18 months, rising to £14,500 pa until the end of the third year, then subject to an open market rent review on the third anniversary of the term. The lease is subject to a tenant option to determine at the third anniversary of the term. N.B. The commercial floor area stated above is that published by the Valuation Office Agency, the residential floor areas is from the EPC.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
